Deutsche Bank Reiterates Buy Rating for Vantiv (VNTV)
Vantiv (NYSE:VNTV)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Monday. They currently have a $36.00 price objective on the stock, up from their previous price objective of $32.00. Deutsche Bank’s price target points to a potential upside of 12.01% from the company’s current price.
In other Vantiv news, Insider William J. Weingart unloaded 3,000 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $32.40, for a total value of $97,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Vantiv (NYSE:VNTV) traded up 0.84% during mid-day trading on Monday, hitting $32.41. 287,446 shares of the company’s stock traded hands. Vantiv has a 1-year low of $25.21 and a 1-year high of $34.42. The stock’s 50-day moving average is $30.70 and its 200-day moving average is $30.86. The company has a market cap of $4.480 billion and a price-to-earnings ratio of 36.65.
Vantiv (NYSE:VNTV) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.02. The company had revenue of $288.50 million for the quarter, compared to the consensus estimate of $289.40 million. On average, analysts predict that Vantiv will post $1.84 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo & Co. upgraded shares of Vantiv from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 29th. Separately, analysts at Evercore Partners raised their price target on shares of Vantiv from $3.00 to $40.00 in a research note on Thursday, May 22nd. Finally, analysts at Susquehanna initiated coverage on shares of Vantiv in a research note on Thursday, May 8th. They set a $23.00 price target on the stock. Three research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Vantiv has a consensus rating of “Buy” and a consensus target price of $32.94.
Vantiv, Inc, formerly Advent-Kong Blocker Corp. is a holding company that conducts its operations through its majority-owned subsidiaries, Vantiv Holding, LLC (NYSE:VNTV) and Transactive Ecommerce Solutions Inc (Transactive).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.